Boost for Oriole Resources with £500k VAT rebate
Tim Livesey, chief executive of Oriole Resources PLC (LON:ORR), tells Proactive London's Andrew Scott they're set to receive a rebate of around £500,000 from the taxman.
Her Majesty's Revenue and Customs reversed its 2017 decision over value-added tax (VAT) rebates in November of last year.
Livesey says they're intending to use it to progress their new-frontier gold exploration programme in Cameroon, as well as pursue other opportunities in Africa and Europe.
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